Stripes (growth equity firm)

Stripes (Stripes Group LLC) is a private equity and venture capital firm based in Manhattan, New York, founded in 2008.[1][2][3] The firm focuses on acquiring well-developed start-ups, and makes US$10-150 million investments in small companies.[2] In 2019, Stripes had US $2 billion of assets under management and 41 investments.[4] The firm's portfolio investments include Blue Apron and Refinery29.[5]

Stripes
Privately held company
Industry
Founded2008
FounderKen Fox
Headquarters402 West 13th Street New York, New York, US
Products
Total assetsUS$2 billion
Websitewww.stripesgroup.com

History

Stripes was founded by Ken Fox in 2008.[6]

Investments

Stripes specializes in emerging growth, growth equity, add-on acquisitions, middle market, stand alone investments, divestitures, management buy-ins, buyouts and take-private transactions.[7] The firm uses various M&A strategies as part of its investment model.[8]

Stripes' list of portfolio investments and committed capital include:[2][5]

CompanySize/ Committed Capital in US$
Art.com[2]N/A
Audio Network[9]N/A
Blue Apron[10]
Elance[11]
eMarketer[12]
Epic Advertising (merged with Connexus)[13] Folica.com[14]N/A
Kareo[15]
Kinetic Social[16]
MyWebGrocer (acquired by HGGC)[17]
Netbiscuits[18]
NetQuote (acquired by Bankrate)[19]N/A
Pond5[20]
Refinery29[21]
Sandata[22]N/A
SilverSky (formerly Perimeter eSecurity)[23]
SmartWool (acquired by Timberland Corporation)[24]N/A
Turtle Beach[25]N/A

References
  1. Commercial Observer: Check Out Stripes Group’s New Home at 402 West 13th Street as accessed on March 24, 2014.
  2. CrunchBase: Stripes Group as accessed on November 8, 2019.
  3. "Schedule 13D". www.sec.gov. April 11, 2018. Retrieved November 8, 2019.
  4. "About Stripes". www.stripes.co. Retrieved November 8, 2019.
  5. Stripes Group as accessed on March 24, 2014.
  6. CNNMoney: Where Are They Now? as accessed on March 24, 2014
  7. Business Week: Stripes Group as accessed on March 24, 2014.
  8. Stowell, David. Investment Banks, Hedge Funds, and Private Equity. Waltham, MA: Academic, 2013. Print.
  9. Finsmes: Audio Network Receives Minority Investment from Stripes Group as accessed on March 24, 2014.
  10. TechCrunch: Blue Apron Closes $50M Led By Stripes Group At $450M Valuation as accessed on April 30, 2014.
  11. TechCrunch: Online Job Marketplace Elance Raises $16M as accessed on March 24, 2014.
  12. AdWeek: $25M Investment eMarketer Girds New Growth as accessed on March 24, 2014.
  13. Online Marketing: Connexus Merges with Epic as accessed on March 24, 2014.
  14. Beauty Store Business: Folica as accessed on March 24, 2014.
  15. Health2Con: Kareo Raises as accessed on March 24, 2014.
  16. AdExchanger: Kinetic Raises as accessed on March 24, 2014.
  17. TechCrunch: MyWebGrocer Raises as accessed on March 24, 2014.
  18. TechCrunch: Netbiscuits Raises By Stripes as accessed on March 24, 2014.
  19. PR Newswire: Stripes Group Acquires NetQuote as accessed on March 24, 2014.
  20. WSJ.com: Shutterstock and Getty Images Competitor Pond5 Raises $61 Million as accessed on July 17, 2014.
  21. TechCrunch: Refinery29 Raises 20 Million From Stripes Group as accessed on March 24, 2014.
  22. Finsmes: Sandata Receives Minority Investment From Stripes Group as accessed on March 24, 2014.
  23. PEHub: eSecurity Keeps Raising as accessed on March 24, 2014.
  24. Washington Post: Timberland to buy SmartWool as accessed on March 24, 2014.
  25. The Middle Market: Stripes Group Buys Turtle Beach Gaming Headset as accessed on March 24, 2014.
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